Understanding that Thai investors consistently rank among the top 15 foreign investors in Indonesia, with a combined investment value of USD 1.5 billion, has prompted ADCO Law to actively cooperate with a number of Thai investors. ADCO Law’s visit to Thailand from Friday, April 21, to Sunday, April 23, 2023, served to reinforce this commitment…
Becoming a lawyer is not the only career option available in a law firm. Christopher Johnston shared his adventures while serving as a business advisor at ADCO Law in his story. He has experienced various unique and fascinating paths that have succeeded in molding him into an individual with a million points of view who…
What is an Employment Contract? Government Regulation No. 35 of 2021 concerning Work Agreements for Specific Time, Outsourcing, Working Time and Rest Time, and Termination of Employment Relations (“GR 35/2021”) defines an employment contract or work agreement as an agreement between employees and employers which contains work conditions, rights and obligations of the parties. Law…
What is Religious Holiday Allowance? Religious Holiday Allowance or Tunjangan Hari Raya (“THR”) is a mandatory non-wage income or employee’s income outside of the basic wages that must be paid by the company to employees ahead of religious holidays. THR is given by the company to employees in accordance with their respective religious holidays. Eligibility…
Industry Growth The Pet economy industry in Indonesia has experienced growth due to changes in human behavior during the lockdown period during the Covid-19 pandemic. This pandemic has made people start developing new hobbies, one of which is adopting pets. This is because these activities can be done at home so that the relationship between…
Indonesia’s Geothermal Capacity is the World’s Second Largest Geothermal energy is a relatively environmentally friendly renewable energy because it comes from the earth’s heat and only releases a small amount of greenhouse gasses. Indonesia is a country located in the ring of fire, so it cannot be denied that Indonesia has abundant natural resources, one…
Legal Chapter for the IKN Pre-Feasibility Study The relocation of Indonesia’s capital city to IKN has been ongoing since 2019. The Indonesian Government currently offers several funding schemes to both private and public sectors for the development and construction of IKN, including the Public-Private Partnership (“PPP”) Scheme, namely the Unsolicited IKN PPP Scheme. Based on…
What would Aditya Kesha Wijayanto, Senior Partner in Banking and Finance at ADCO Law, tell his younger self, who had just graduated from law school and started a career as a lawyer twenty-one years ago? That is the question we asked him during the interview. Kesha’s remark is quite perceptive: “Kesha, you think you have…
What is Joint Venture? Joint Venture or JV is business cooperation carried out by two or more companies, both existing companies or companies that will be established, which aims to achieve certain business goals. This kind of cooperation is carried out through agreements or contracts resulting in the forming of a new company named Joint…
Increase in the Number of Motorized Vehicles and the Quality of Tires in Indonesia Motorized vehicles are a mode of transportation that is inseparable from people’s activities, especially in Indonesia with a population of 257.77 million people, as recorded in data from the Central Statistics Agency (BPS) in 2022. As of last December 31, the…